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BHP BILLITON PLC - Early Tender Results in BHP US Tender Offers

Release Date: 08/09/2017 07:05
Code(s): BIL     PDF:  
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Early Tender Results in BHP US Tender Offers

BHP Billiton Plc
Registration number 3196209
Registered in England and Wales
Share code: BIL
ISIN: GB0000566504



NEWS RELEASE

Release Time       IMMEDIATE
Date               8 September 2017
Release Number     28/17



Early Tender Results in BHP’s US Tender Offers

BHP announced today the early results of the Tender Offers as part of its global
multi-currency bond repurchase plan.

BHP Billiton Finance (USA) Limited (the Company), a wholly-owned subsidiary of
BHP Billiton Limited, announced the early results of its previously announced tender
offers for its US$529,978,000 3.250% Senior Notes due 2021 (the 2021 Notes), its
US$859,938,000 2.875% Senior Notes due 2022 (the 2022 Notes) and its
US$1,500,000,000 3.850% Senior Notes due 2023 (the 2023 Notes, and together
with the 2021 Notes and the 2022 Notes, the Notes) (the Tender Offers).

As announced on 31 August 2017, the Company will spend up to US$1,000,000,000
aggregate purchase price (excluding accrued and unpaid interest) in the Tender
Offers (the Offer Cap).

The Tender Offers have been made pursuant to the terms and conditions set forth in
the offer to purchase, dated 21 August 2017 (the Offer to Purchase). Terms not
defined in this announcement have the meanings given to them in the Offer to
Purchase.

According to information provided by Global Bondholder Services Corporation, the
tender and information agent for the Tender Offers, US$1,253,824,000 aggregate
principal amount of the Notes were validly tendered prior to or at the Early Tender
Date and not validly withdrawn. This amount includes US$72,183,000 aggregate
principal amount of the 2021 Notes, US$416,054,000 aggregate principal amount of
the 2022 Notes and US$765,587,000 aggregate principal amount of the 2023 Notes.
The Withdrawal Deadline for the Tender Offers was 5:00 p.m., New York City time,
on 7 September 2017.

The pricing of the Total Consideration for each series of Notes is expected to occur at
11:00 a.m., New York City time, on 8 September 2017. The Company will announce
how many Notes of each series were accepted for purchase, according to the
Acceptance Priority Levels, immediately following pricing.

The settlement date for the Notes validly tendered prior to or at the Early Tender
Date and accepted for purchase is expected to be 12 September 2017 (the Early
Settlement Date). Holders will also receive accrued and unpaid interest on the Notes
validly tendered and accepted for purchase from the applicable last interest payment
date up to, but not including, the Early Settlement Date.

The Tender Offers are subject to the satisfaction of certain conditions, as set forth in
the Offer to Purchase.

Legal Notices

This announcement is for informational purposes only and is not an offer to purchase,
a solicitation of an offer to purchase or a solicitation of consents with respect to any
securities. This announcement does not describe all the material terms of the Tender
Offers and no decision should be made by any Holder on the basis of this
announcement. The terms and conditions of the Tender Offers are described in the
Offer to Purchase. This announcement must be read in conjunction with the Offer to
Purchase. The Offer to Purchase contains important information which should be
read carefully before any decision is made with respect to the Tender Offers. If any
Holder is in any doubt as to the contents of this announcement, or the Offer to
Purchase, or the action it should take, it is recommended to seek its own financial
and legal advice, including in respect of any tax consequences, immediately from its
stockbroker, bank manager, solicitor, accountant or other independent financial, tax
or legal adviser. Any individual or company whose Notes are held on its behalf by a
broker, dealer, bank, custodian, trust company or other nominee must contact such
entity if it wishes to tender such Notes pursuant to the Tender Offers.

None of the Company, the Guarantors, the Dealer Managers or their affiliates, their
respective boards of directors, the Tender and Information Agent, the Notes trustee
or any of their respective affiliates makes any recommendation, or has expressed an
opinion, as to whether or not Holders should tender their Notes, or refrain from doing
so, pursuant to the Tender Offers. Each Holder should make its own decision as to
whether to tender its Notes and if so, the principal amount of the Notes to tender.

The Company has not filed this announcement or the Offer to Purchase with,
and they have not been reviewed by, any federal or state securities
commission or regulatory authority of any country. No authority has passed
upon the accuracy or adequacy of the Tender Offers, and it is unlawful and
may be a criminal offense to make any representation to the contrary.

The Offer to Purchase does not constitute an offer to purchase Notes in any
jurisdiction in which, or to or from any person to or from whom, it is unlawful to make
such offer under applicable securities or blue sky laws. The distribution of the Offer to
Purchase in certain jurisdictions is restricted by law. Persons into whose possession
the Offer to Purchase comes are required by each of the Company, the Guarantors,
the Dealer Managers and the Tender and Information Agent to inform themselves
about, and to observe, any such restrictions.

United Kingdom. The communication of the Offer to Purchase and any other
documents or materials relating to the Tender Offers is not being made by, and such
documents and/or materials have not been approved, by an authorized person for
the purposes of section 21 of the Financial Services and Markets Act 2000, as
amended. Accordingly, the Offer to Purchase and such documents and/or materials
are not being distributed to, and must not be passed on to, the general public in the
United Kingdom. The communication of the Offer to Purchase and such documents
and/or materials as a financial promotion is only being directed at and made to (i)
persons who are outside the United Kingdom, (ii) investment professionals (as
defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the Financial Promotion Order)), (iii) high net
worth entities and other parties falling within Article 49(2)(a) to (d) of the Financial
Promotion Order, or (iv) any other persons to whom it may otherwise lawfully be
communicated (all such persons together being referred to as Relevant Persons)
and the transactions contemplated herein will be available only to, and engaged in
only with, Relevant Persons. Any person who is not a Relevant Person should not act
on or rely on the Offer to Purchase or any of its contents.

The Global Coordinators and Lead Dealer Managers for the Tender Offers are:

       Deutsche Bank Securities                    UBS Investment Bank
        60 Wall Street, 2nd Floor                        5 Broadgate
       New York, New York 10005                      London EC2M 2QS
                     USA                              United Kingdom
    Attn: Liability Management Group         Attn: Liability Management Group
       Collect: +1 (212) 250-2955                Collect: +1 (203) 719-4210
                                             U.S. Toll-Free: +1 (888) 719-4210
    U.S. Toll-Free:+1 (866) 627-0391
                                               In Europe: +44 20 7568 2133
                                              Email: ol-liabilitymanagement-
                                                        eu@ubs.com

               The Lead Dealer Managers for the Tender Offers are:

             J.P. Morgan                                MUFG
        383 Madison Avenue              1221 Avenue of the Americas, 6th Floor
    New York, New York 10179                 New York, New York 10020
                  USA                                     USA
 Attn: Liability Management Group             Attn: Liability Management
    Collect: +1 (212) 834-8553                 U.S.: +1 (212) 405-7481
 U.S. Toll-Free: +1 (866) 834-4666        U.S. Toll-Free: +1 (877) 744-4532
           Email: JPM_LM@jpmorgan.com                        Int’l: +44 20 7577 4048/4218
                                                            Email: DCM-LM@int.sc.mufg.jp

                      The Co-Dealer Managers for the Tender Offers are:
         BBVA                     Mizuho Securities                SMBC Nikko
   1345 Avenue of the              320 Park Avenue               277 Park Avenue
   Americas, 44th Floor       New York, New York 10022      New York, New York 10172
New York, New York 10105                USA                             USA
          USA


                            The Tender and Information Agent for the Tender Offers is:

                                       Global Bondholder Services Corporation
                                                65 Broadway – Suite 404
                                               New York, New York 10006
                                              Attention: Corporate Actions
                                     Bank and Brokers Call Collect: (212) 430-3774
                                    All Others Please Call Toll-Free: (866) 470-3800
                                         Fax: (212) 430-3775 or (212) 430-3779

       Further information on BHP can be found at: bhp.com




     Media Relations                                           Investor Relations

     Email: media.relations@bhpbilliton.com                    Email: investor.relations@bhpbilliton.com


     Australia and Asia                                        Australia and Asia

     Ben Pratt                                                 Tara Dines
     Tel: +61 3 9609 3672 Mobile: +61 419 968 734              Tel: +61 3 9609 2222 Mobile: +61 499 249 005

     Fiona Hadley                                              Andrew Gunn
     Tel: +61 3 9609 2211 Mobile: +61 427 777 908              Tel: +61 3 9609 3575 Mobile: +61 402 087 354

     United Kingdom and South Africa                           United Kingdom and South Africa

     Neil Burrows                                              Rob Clifford
     Tel: +44 20 7802 7484 Mobile: +44 7786 661 683            Tel: +44 20 7802 4131 Mobile: +44 7788 308 844

     North America                                             Elisa Morniroli
                                                               Tel: +44 20 7802 7611 Mobile: +44 7825 926 646
     Bronwyn Wilkinson
     Mobile: +1 604 340 8753                                   Americas

     Judy Dane                                                 James Wear
     Tel: +1 713 961 8283 Mobile: +1 713 299 5342              Tel: +1 713 993 3737 Mobile: +1 347 882 3011

     BHP Billiton Limited ABN 49 004 028 077                   BHP Billiton Plc Registration number 3196209
LEI WZE1WSENV6JSZFK0JC28                          LEI 549300C116EOWV835768
Registered in Australia                           Registered in England and Wales
Registered Office: Level 18, 171 Collins Street   Registered Office: Nova South, 160 Victoria Street
Melbourne Victoria 3000 Australia                 London SW1E 5LB United Kingdom
Tel +61 1300 55 4757 Fax +61 3 9609 3015          Tel +44 20 7802 4000 Fax +44 20 7802 4111




Members of the BHP Group which is
headquartered in Australia
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